Finance A Student's Future.

Giving to the Central Penn College Education Foundation

Outright gifts to the Central Penn College Education Foundation put your generosity to work immediately. Cash, stock and property can lower your tax liability. That's a win-win for everyone.

Deferred gifts benefit the Central Penn College Education Foundation in the future. These gifts can substantially lower income taxes and estate taxes. You can designate your gifts as a dedicated scholarship, with criteria of your choosing, or make an unrestricted gift so that funds will be used where the need is greatest.

There are many ways to benefit both the Foundation and your own personal and financial goals. For more information on how to make a gift, contact Foundation Executive Director Matt Lane at (717) 728-2263 or mattlane@centralpenn.edu.

The following information is to be used as a guide only. Please consult with your lawyer, accountant, or estate planner for specifics on the impact of giving on your personal situation.

Cash Gifts are the most common and simplest way
to show support for the students of Central Penn College. These
funds can be used immediately to help deserving students. If you
want to make a differencenow, cash gifts will accomplish your
goal.

Many employers offer a corporate gift-matching program. These
programs allow you, as an employee, to direct corporate matching
dollars to benefit the Central Penn College Education Foundation.
Contact your company's Human Resources department to find out if it
offers a corporate gift-matching program.

Many donors choose to make gifts in the form of common stock or
other publicly traded securities. Substantial tax benefits are
realized by transferring appreciated securities to the Foundation.
By making such a gift, the donor is entitled to a federal income
tax deduction for the full market value of the security, subject to
applicable limitations. By contributing the security instead of
selling it outright and donating the proceeds of the sale, the
donor avoids capital gains tax liability. This means you, the
donor, receive a double tax benefit.

Gifts of appreciated real estate, such as undeveloped land,
farms, or personal residences, may be transferred by deed to the
Foundation with no liability for income or estate taxes on the
appreciation. Donors should consider making a contribution of real
estate when the current market value of the gift is significantly
greater than its original cost.

This gift may be an appropriate solution for those who wish to
make a meaningful contribution to the College while, at the same
time, creating, maintaining, or enhancing an income stream for
their own economic security. A charitable gift annuity is a legal
document between individual(s) and the Foundation in which the
donor gives money, securities, or real estate, and, in return, the
Foundation agrees to pay the donor, or donor-selected
beneficiaries, a fixed income for life. The amount of income
received is determined by the value of the gift and the annuity
rate. The annuity rate is determined by the donor's age or the age
of the donor-selected beneficiaries at the time the gift is
made.

The most common bequest is the general bequest, which specifies
that the Foundation will receive a designated sum from a donor's
personal estate through a will or living trust. This can be an
important consideration for those whose estates might otherwise be
subject to high estate tax rates.
To leave a Bequest to the Central Penn College Education
Foundation in your will, you will need the following
information:

If you decide to make a bequest to the Central Penn College
Education Foundation, share your plan with your attorney and
financial advisors. They will draft appropriate language for your
will and help structure your gift effectively. For further
information, contact us at (717) 728-2263 or email mattlane@centralpenn.edu.

Life insurance as a gift is a cost-effective way to do something today that can have a tremendous impact on tomorrow. The purchase of a new whole life or term policy, in which the Central Penn College Education Foundation is named owner and irrevocable beneficiary, creates a charitable deduction for the donor. Relatively few dollars in premiums can deliver substantial benefits to Central Penn students.

There are two types of charitable trusts: a Charitable Remainder
Unitrust and a Charitable Lead Trust. The Unitrust is a gift plan
that provides income to the donor or others while also making a
generous gift to the Foundation. The Lead Trust allows the donors
to retain possession of an asset.

These gifts recognize a business, organization, family or
individuals, anniversaries or events. Memorial gifts recognize
lifetime accomplishments of individuals who live in our memories.
Both honorary and memorial gifts can be unrestricted or designated
as a dedicated scholarship.

Central Penn College is a career-oriented, baccalaureate and post-baccalaureate, residential college in Summerdale, a suburb of Harrisburg, with an offsite location in Lancaster, Pennsylvania. Central Penn College offers associate, bachelor's and master's degree programs for both traditional and continuing education students by providing hands-on and online distance education taught by experienced, caring faculty.